JPMorgan Just Filed for Its Second Tokenized Fund on Ethereum. Wall Street’s Blockchain Moment Is No Longer Theoretical.
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JPMorgan (JPM) to launch new tokenized fund as Wall Street tokenization race heats up
JPMorgan (JPM) is preparing to launch a tokenized money market fund, the latest sign that major financial institutions and Wall Street asset managers are speeding up efforts to move traditional assets onto blockchain rails. A Tuesday filing with the U.S. Securities and Exchange Commission SEC) outlined plans for a blockchain-based money-market fund investing exclusively in short-term U.S. Treasuries, cash and overnight repo agreements backed by …
JPMorgan just filed for its second tokenized fund on Ethereum. Wall Street’s blockchain moment is no longer theoretical.
JPMorgan Chase filed paperwork on Tuesday for its second tokenized money market fund, four months after becoming the largest global systemically important bank to put a fund on the Ethereum blockchain. The JPMorgan OnChain Liquidity-Token Money Market Fund, ticker...
The bank seeks to align itself with the GENIUS Act regulatory framework and accelerate the integration of finance and cryptocurrency networks. The article "JPMorgan Launches a Tokenized Fund on Ethereum to Back Stablecoins" was first published on CryptoNews - Bitcoin, Ethereum, and Cryptocurrency News.
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